GSI Commerce to Acquire Accretive Commerce
E-commerce solutions provider GSI Commerce Inc. signs a definitive agreement to acquire Accretive Commerce Inc. Under the definitive agreement, which has been approved by the board of directors of both companies, GSI will acquire Accretive Commerce for $97.5 million in cash. The acquisition will significantly expand GSI's growing partner base to nearly 80 as well as add to its infrastructure. Founded in 1995, Accretive Commerce is an e-commerce solutions provider that offers e-commerce technology, customer care and fulfillment solutions as well as related services. Accretive Commerce's roster of partners is primarily in the merchandise categories of apparel, home, health and beauty, and specialty foods.